Problems with Insurance companies are lots of hesitation, frustration and insurance was so complicated to shop for insurance. So what I did is to start working for big insurance companies, Like Freeway Insurance, Global Guard insurance, Sameday Insurance, Infinity Insurance, progressive Insurance, Mapfre insurance, Mercury Insurance, Allstar General insurance, Multi-State Insurance, Aspire insurance, Western general Insurance, StoneWood Insurance, Farmers Insurance, Geico Insurance, 21st Century Insurance and etc. The biggest challenges for the current Insurance Companies are:
Lack of Trust:
Earlier Days people would have always have to walk into an office to get insurance done but right now you have so many ways to get insurance. either over the phone, online or in person.
Everyday companies are arising and diminishing at the same time. due to high amount of competitors, insurance has turned into a headache for the people. Buying insurance is a state law but still there are 35% of California drivers does not have insurance.
Mismanagement is standing yourself to a misrepresentation. if you are mismanaging your agents and brokers then you are mismanaging the system and they are major Problems with Insurance .